International Trade between Australia and Japan

Since the signing of the 1951 peace treaty between Australia and Japan, the two countries have rapidly built a productive relationship. Many factors and events have contributed to the development of this partnership. The ANZUS treaty was the turning point in the Austral-Japanese relationship. It assured Australia protection against Japan and provided security in the Asia-Pacific region. Trade and cultural exchange also played a significant role in shaping Australia's relationship with Japan. Growth of trade was a contributor to the sense of a mutual interest between the two countries. The cultural exchange often helped to recognise and accept the differences between Australia and Japan.

There is no doubt that increasing in international trade is supporting the economic growth across the world, raising incomes and creating jobs. However, international trade can also some create economic obstacles, such as the international context and the market policy and regulations of each country, and consequently it can be said that the effects would have positive and negative sides, and it is useful to mention all of them and to take them into consideration.

This document aims to shed light on the issue of trade between Australia and Japan. In this comprehensive, yet brief report, areas covered include:

The impact of globalisation has also changed the structure of Australia 's trade. There has been considerable growth in manufacturing and service industries with limited growth in the rural sector (Table 2). This reflects a combination of changes in world demand and domestic structural reforms.

When I, Marisa think about international trade one country comes to mind; Japan because Japan manufactures cars or electronics for example for America but it needs from us metals like iron and copper. Without us trading back and forth with Japan both sides would be hurting economy. In which I, Marisa will be going over more in detailed but first I, Marisa need to know the relation between international trade and world output, describe the broad pattern of international trade, if the nations of the world were to suddenly cut

Australia’s trading links with the Asia-Pacific Region holds geopolitical influences with other countries in the Asia-Pacific. By being a founding member of the Asia-Pacific Economic Cooperation, Australia has set the standards for trading agreements. For example; China and Hong Kong decided to join APEC two years after its foundation after seeing the success and future potential. Many countries like India, Pakistan, Cambodia, Columbia and Mongolia have pledged their interest in joining and sharing in APEC’s

The economical relationship between Australia and Japan expanded when Australia took an interest in trading with Japan. Australia was no longer focused on Japan’s past but directed its attention to what the country could offer. Australia’s economy has never acquired the same power as Japan (Terada, 2000) but through joining forces, it has been able to share some of that power. Australia’s is positioned with Japan’s economy in its ability to engage

Retrieved 2011, from http://www.globalissues.org/issue/1/trade-economy-related-issuesStreatfeild, J., & Lacey, S. (2008). New reflections on international trade. USA: Cameron.

Global growth is an increase in the amount of goods and services produced per head. The graph shows that there is a clear correlation between global economic growth and international trade. Up until 1990 to 2008 both global economic growth and international trade steadily increased. However in 2008 when there was a global recession world exports where 16000bn which surpassed world GDP which was 70,000bn. After 2008 both world exports and world GDP fluctuated, in 2010 world exports decreased however it slowly increased to exceed world GDP. Currently both are at the same point on the graph with world exports at 19000bn and world GDP at 80,000. Therefore the graph demonstrates a clear causal link between global growth and global

It is believed that after the Japan-Australia Economic Partnership Agreement (i.e. JAFTA), more than 97% of Australia’s export will enter Japan with duty free. The heavy tax on beef, will be halved while other goods such as wine, seafood, processed food, fruit, vegetables and nuts will be tax free. This will benefit consumers as the price of Japanese goods will

Australia and japan have a extremely strong relationship in a few areas such as trade and aid. The security and wealth of Australians increasingly depends on the strength of the link s and partnerships made between Australia and Japan. As you may know that Australia belongs to two very important regionals political and economic groups these are known as APEC and ASEAN the main purpose of these groups is to improve the links and discuss the issues and the affects of these regions, Japan is also a member of both of these groups. Japan joined APEC in 1989 and Japan also joined ASEAN in 1983.

Q1. In trade between Australia and Japan, which country should specialise in beef production and which country should specialise in car production? Which country will export cars and import beef? (2 marks)

“Today Australia is one of the most ethnically diverse societies in the world. Almost one in every four Australian residents was born outside of the Australian boarders and many more are first or even second generation Australians. These children and grandchildren would have recently arrived as migrants or refugees, But in the ninetieth and twentieth century, Migration was not accepted the same way. Australia had various laws that aimed to keep people who were from non-european backgrounds out of the country. These laws also restricted the lives of people who were not white and were already currently living in Australia. The Immigration Act 1909 - most popularly known as the White Australia Policy - which caused upset within Australia’s international relationships with Britain and Japan. This caused other nations to criticise Australia’s racial views and eventually immigration restrictions were gradually loosened and Australian’s began to be less fearful of people from a wide range of different countries and backgrounds. The big push for the Immigration Act 1901 in the first place was due to Australia’s fear of Asian migration and population take over. “

Australia’s links with Japan are the closest and most mature in Asia, and are vitally important to both countries ' strategic and economic interests. The relationship

Asia Pacific Economic Cooperation (APEC) is the pre-eminent economic rally in Australia’s region. APEC’s goal is to drive an extensive trade and investment liberalisation and facilitation agenda. It is focused on structural reform as a means of raising competitiveness and the efficiency of trade and investment flows. It has helped Australia with building and strengthening ties with other countries such as Brunei, Singapore, Philippines and other countries in the region. In 2009, 70% of Australia’s trade is with APEC countries.